FBTC vs. GOOGL
FBTC (Fidelity Wise Origin Bitcoin Fund) is Cryptocurrency fund tracking the Fidelity Bitcoin Reference Rate, while GOOGL (Alphabet Inc. Class A) is a stock. Over the past year, FBTC returned -39.41% vs 110.03% for GOOGL. At a 0.25 correlation, their price movements are largely independent.
Performance
FBTC vs. GOOGL - Performance Comparison
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Returns By Period
In the year-to-date period, FBTC achieves a -27.63% return, which is significantly lower than GOOGL's 16.22% return.
FBTC
- 1D
- 5.17%
- 1M
- -20.97%
- YTD
- -27.63%
- 6M
- -30.29%
- 1Y
- -39.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GOOGL
- 1D
- -1.36%
- 1M
- -9.30%
- YTD
- 16.22%
- 6M
- 15.96%
- 1Y
- 110.03%
- 3Y*
- 44.20%
- 5Y*
- 24.94%
- 10Y*
- 25.89%
FBTC vs. GOOGL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FBTC Fidelity Wise Origin Bitcoin Fund | -27.63% | -6.56% | 99.56% |
GOOGL Alphabet Inc. Class A | 16.22% | 65.99% | 33.72% |
Correlation
The correlation between FBTC and GOOGL is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.25 |
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Return for Risk
FBTC vs. GOOGL — Risk / Return Rank
FBTC
GOOGL
FBTC vs. GOOGL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Wise Origin Bitcoin Fund (FBTC) and Alphabet Inc. Class A (GOOGL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| FBTC | GOOGL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.68 | ||
| Sortino ratioReturn per unit of downside risk | -6.34 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.61 | -0.75 |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | 5.43 | -6.19 |
| Martin ratioReturn relative to average drawdown | -1.36 | 19.79 | -21.15 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FBTC | GOOGL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.90 | 3.78 | -4.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.80 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.89 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.84 | -0.57 |
Drawdowns
FBTC vs. GOOGL - Drawdown Comparison
The maximum FBTC drawdown since its inception was -52.07%, smaller than the maximum GOOGL drawdown of -65.29%. Use the drawdown chart below to compare losses from any high point for FBTC and GOOGL.
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Drawdown Indicators
| FBTC | GOOGL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.07% | -65.29% | +13.22% |
Max Drawdown (1Y)Largest decline over 1 year | -52.07% | -20.37% | -31.70% |
Max Drawdown (3Y)Largest decline over 3 years | — | -29.81% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -44.32% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -44.32% | — |
Current DrawdownCurrent decline from peak | -49.59% | -9.71% | -39.88% |
Average DrawdownAverage peak-to-trough decline | -16.18% | -13.02% | -3.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.93% | 5.58% | +23.35% |
Volatility
FBTC vs. GOOGL - Volatility Comparison
Fidelity Wise Origin Bitcoin Fund (FBTC) has a higher volatility of 11.77% compared to Alphabet Inc. Class A (GOOGL) at 8.68%. This indicates that FBTC's price experiences larger fluctuations and is considered to be riskier than GOOGL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBTC | GOOGL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.77% | 8.68% | +3.09% |
Volatility (6M)Calculated over the trailing 6-month period | 34.55% | 20.90% | +13.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.17% | 29.33% | +14.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.26% | 31.33% | +18.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.26% | 29.13% | +21.13% |
Dividends
FBTC vs. GOOGL - Dividend Comparison
FBTC has not paid dividends to shareholders, while GOOGL's dividend yield for the trailing twelve months is around 0.29%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
FBTC Fidelity Wise Origin Bitcoin Fund | 0.00% | 0.00% | 0.00% |
GOOGL Alphabet Inc. Class A | 0.29% | 0.27% | 0.32% |
Frequently Asked Questions
FBTC and GOOGL have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FBTC has higher volatility (11.77%) compared to GOOGL (8.68%). In terms of maximum drawdown, FBTC dropped -52.07% vs GOOGL's -65.29%.
GOOGL currently has the higher Sharpe Ratio (3.78 vs -0.90), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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